Wages in Cyprus decreased to 1956 EUR/Month in the first quarter of 2020 from 2254 EUR/Month in the fourth quarter of 2019.

Wages in Cyprus averaged 1815.25 EUR/Month from 2003 until 2020, reaching an all time high of 2296 EUR/Month in the fourth quarter of 2012 and a record low of 1360 EUR/Month in the first quarter of 2003. This page provides the latest reported value for - Cyprus Average Monthly Earnings of Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Average Monthly Earnings of Employees - values, historical data and charts - was last updated on August of 2020.

Wages in Cyprus is expected to be 1908.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Cyprus to stand at 2003.00 in 12 months time. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 2368.00 EUR/Month in 2021 and 2430.00 EUR/Month in 2022, according to our econometric models.

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Cyprus Average Monthly Earnings of Employees

Actual Previous Highest Lowest Dates Unit Frequency
1956.00 2254.00 2296.00 1360.00 2003 - 2020 EUR/Month Quarterly
NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.80 10.20 16.50 3.00 percent [+]
Employed Persons 416.50 400.80 416.50 135.00 Thousand [+]
Unemployed Persons 30451.00 32803.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.10 1.90 7.80 0.40 percent [+]
Youth Unemployment Rate 19.60 19.60 41.10 7.80 percent [+]
Labour Costs 102.16 117.65 126.56 65.45 points [+]
Job Vacancies 6897.00 8352.00 16194.00 2137.00 [+]
Wages 1956.00 2254.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 3.30 2.20 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.50 62.90 64.70 55.50 percent [+]
Part Time Employment 43.10 41.70 50.00 15.80 Thousand [+]
Productivity 101.90 102.30 102.40 76.00 points [+]
Employment Change 0.50 0.60 2.40 -2.10 percent [+]
Employment Rate 70.00 71.00 71.50 60.90 percent [+]
Full Time Employment 361.90 367.30 367.30 257.80 Thousand [+]


Cyprus Average Monthly Earnings of Employees
In Cyprus, wages are benchmarked using nominal salaries.